Welcome to our dedicated page for Gladstone Commercial news (Ticker: GOOD), a resource for investors and traders seeking the latest updates and insights on Gladstone Commercial stock.
Gladstone Commercial Corp (NASDAQ: GOOD) provides investors with timely updates on its net-leased industrial, office, and medical property portfolio. This page serves as your central hub for official press releases, earnings reports, and strategic announcements from the REIT.
Access curated updates on property acquisitions, capital recycling initiatives, and tenant credit underwriting practices. Track the company’s performance in primary and secondary growth markets through verified financial disclosures and operational milestones.
Discover news categorized by key activities: quarterly earnings results, build-to-suit developments, portfolio diversification efforts, and leadership updates. All content is sourced directly from company filings and vetted for accuracy.
Bookmark this page for streamlined access to Gladstone Commercial’s latest moves in commercial real estate markets. Investors can monitor long-term lease agreements, asset dispositions, and market positioning strategies through our organized news feed.
Gladstone Commercial (NASDAQ:GOOD), a REIT specializing in net leased industrial properties, provided a semi-annual business update amid market volatility. The company reported 100% collection of cash base rents and a portfolio occupancy rate of 98.5% as of June 30, 2024. Key acquisitions included a 142,125 square foot facility in Pennsylvania costing $11.7 million with a 12.3% GAAP capitalization rate. Significant sales of office properties in Ohio, Utah, Texas, and New Jersey were noted. From January to June 2024, Gladstone extended or executed leases for 2.4 million square feet with five tenants, generating $11.4 million in annualized straight-line rent, marking a 46% increase. The company maintains solid liquidity, with $48.8 million available as of June 30, 2024.
Gladstone Commercial (NASDAQ: GOOD) has declared monthly cash distributions for July, August, and September 2024. Common stockholders will receive $0.10 per share each month, totaling $0.30 for the quarter. Senior common stockholders will receive $0.0875 per share monthly, totaling $0.2625 for the quarter. Series E Preferred Stockholders will get $0.138021 monthly, totaling $0.414063 for the quarter, while Series F and Series G Preferred Stockholders will each receive $0.125 monthly, totaling $0.375 per quarter. Additionally, Gladstone will release its Q2 2024 earnings on August 6, with a conference call scheduled for August 7.
Gladstone Commercial (Nasdaq: GOOD) has signed a 7-year, 2-month lease with Hub Group (Nasdaq: HUBG) for its 966,753 square foot industrial building in Taylor, Pennsylvania. The lease begins on July 1, 2024, and ensures full occupancy of the property, which was acquired by Gladstone in 2014. Hub Group, a major third-party logistics provider, will occupy the entire building. Executives from Gladstone Commercial emphasized the significance of this lease in showcasing the quality of their industrial portfolio and meeting tenant demand efficiently.
Gladstone Commercial Corp. (GOOD) receives coverage update by Stonegate Capital Partners, highlighting strong fundamentals with 98.9% occupancy levels, diversified property portfolio, and 100% rent collection in YTD.
Gladstone Commercial (NASDAQ:GOOD) has acquired a 142,125 square foot industrial facility in Warfordsburg, PA for $11.7 million. The property is 100% leased in a long-term sale-leaseback deal with a credit-worthy tenant. The acquisition aligns with Gladstone Commercial's strategy of acquiring industrial assets in strong markets.
Gladstone Commercial reported financial results for the first quarter ended March 31, 2024. The company's Core FFO decreased by 4.5% to $13.9 million, and net income dropped to $0.3 million. Gladstone Commercial successfully collected 100% of cash rents and sold non-core properties. The company's President, Buzz Cooper, highlighted stable revenues, successful capital recycling programs, and positive tenant credit underwriting.
Gladstone Commercial (Nasdaq: GOOD) announces its First Quarter Ended March 31, 2024 Earnings Call & Webcast on May 7, 2024. The company is a real estate investment trust focusing on net leased industrial and office properties in the US.
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